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Miguel Carvalho

All Portuguese Barclays Bank Branches Branded Bankinter By April

By Miguel Carvalho 2015-11-24 Economy Comments

Barclays exits retail banking in Portugal.

Barclays main office in Lisbon

Barclays main office in Lisbon.

Barclays sold the entire Portuguese retail banking business to the Spanish Bankinter bank. All the 84 Barclays Portuguese branches will change the blue for the orange Bankinter's look. According to Barclays, only the name changes. Existing employees, branch locations, account numbers and contracted details remain the same.

On 2nd September last year, Barclays Bank PLC announced the sale of its Retail Banking business, including part of its corporate banking business serving small to medium enterprises in Portugal. Excluded from the sale was the Portuguese Barclaycard business.

Barclays bank branches in Lisbon - João Mendes Images

According to the Portuguese Barclays bank head office, there isn't yet any specific date for the client's transition process. According to the same source, the transition should happen during the first half of 2016 and the Barclays customers, along with their contractual conditions, will be fully transferable to the Bankinter.

According to a Barclays branch employee, the transition process will take place around April. Account numbers, NIB or IBAN won't change during the transfer to Bankinter. Bank cards and checks will be kept working up until their validation dates. According to the same source, Barclays customers need not do anything themselves because the transferring process is internal and fully automatic.



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